qualified indorsement


From The Collaborative International Dictionary of English v.0.48:

Qualified \Qual"i*fied\, a.
   1. Fitted by accomplishments or endowments.
      [1913 Webster]

   2. Modified; limited; as, a qualified statement.
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   Qualified fee (Law), a base fee, or an estate which has a
      qualification annexed to it, the fee ceasing with the
      qualification, as a grant to A and his heirs, tenants of
      the manor of Dale.

   Qualified indorsement (Law), an indorsement which modifies
      the liability of the indorser that would result from the
      general principles of law, but does not affect the
      negotiability of the instrument. --Story.

   Qualified negative (Legislation), a limited veto power, by
      which the chief executive in a constitutional government
      may refuse assent to bills passed by the legislative body,
      which bills therefore fail to become laws unless upon a
      reconsideration the legislature again passes them by a
      certain majority specified in the constitution, when they
      become laws without the approval of the executive.

   Qualified property (Law), that which depends on temporary
      possession, as that in wild animals reclaimed, or as in
      the case of a bailment.
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   Syn: Competent; fit; adapted.

   Usage: Qualified, Competent. Competent is most commonly
          used with respect to native endowments and general
          ability suited to the performance of a task or duty;
          qualified with respect to specific acquirements and
          training.
          [1913 Webster]
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